The July World Agriculture Supply and Demand Estimates (WASDE) released by the USDA reflect reduced acreage planted/harvested as previously announced in the quarterly stocks report. The U.S. corn outlook shows five million less acres planted and 5.6 million less harvested from the June report. Beginning stocks were increased 145 million bushels due to an expected decline in 2019/20 corn exports. Lower corn acreage reduced production by 995 million bushels and lowered ending stocks by 675 million to 2.648 billion bushels. There were no changes in expected corn use for ethanol. The season-average farm price is increased from $3.20 per bushel to $3.35.
This month’s U.S. soybean supply and use projections for 2020/21 include a 35 million bushel increase to beginning stocks, largely due to an expected decrease in 2019/20 residual use. 2020/21 production was increased 10 million bushels due to…
01.09.2025
Additional 45z guidance expected on January 10
Information addressing the Bipartisan Infrastructure Law (BIL) and the Inflation Reduction Act (IRA) is expected to be released on Friday January 10, according to several sources speaking with...
01.09.2025
Prices for US animal fats and oils unchanged; market tightness persists
The US animal fats and oils markets were unchanged on Thursday January 9, as trade slowed following an active start to the week.
Participants continued to report stable pricing in...
01.09.2025
Averted ILA port strike eases animal protein market tension; November dog, cat food exports rise
US animal protein prices were steady on Thursday January 9. With the International Longshoremen’s Association (ILA) port strike avoided, sources expect unease to diminish to a degree. However, trade...